Oil Prices Europe: Live Market Data & Analysis
Real-time oil price tracking for the European market with regional benchmarks and analysis
Live European Oil Prices
Brent Crude
Urals Crude
WTI (Reference)
European Oil Market Analysis
Market Overview
Europe's oil market is characterized by mature demand, sophisticated trading infrastructure, and diverse supply sources. Key factors include:
- • North Sea production decline
- • Russian supply dependencies
- • Refinery optimization trends
- • Environmental regulations impact
Key Trading Centers
European Oil Markets by Country
🇬🇧 United Kingdom
Production: ~1 million bbl/day (declining)
Consumption: ~1.5 million bbl/day
Key Fields: Forties, Buzzard, Clair
Market Note: North Sea crude producer
🇳🇴 Norway
Production: ~2 million bbl/day
Exports: Major crude exporter
Key Fields: Johan Sverdrup, Troll
Market Note: Europe's largest producer
🇩🇪 Germany
Consumption: ~2.3 million bbl/day
Key Imports: Russia, Norway, UK
Refining: Major petrochemical sector
Market Note: Europe's largest economy
🇫🇷 France
Consumption: ~1.6 million bbl/day
Key Imports: Saudi Arabia, Kazakhstan
Refining: Sophisticated refinery system
Market Note: Major EU consumer
🇮🇹 Italy
Consumption: ~1.2 million bbl/day
Key Imports: Iraq, Azerbaijan, Libya
Refining: Mediterranean hub
Market Note: Strategic location for supply
🇳🇱 Netherlands
Role: Trading and storage hub
Key Facilities: Rotterdam port complex
Consumption: ~900,000 bbl/day
Market Note: Gateway to Europe
European Oil Market Drivers
Green Transition
EU climate policies driving long-term demand decline
Supply Security
Diversification away from Russian supplies post-sanctions
Refining Changes
Capacity rationalization and product mix optimization
EUR/USD Impact
Currency fluctuations affect purchasing power and competitiveness
Price Differentials & Benchmarks
Current Spreads
Key Factors
- • Quality differentials (API gravity, sulfur content)
- • Transportation costs to refineries
- • Seasonal demand patterns
- • Geopolitical risk premiums
- • Refinery maintenance schedules
Access Professional European Oil Data
Get real-time European oil prices, differentials, and market analysis via API